Canadians are deep in debt. Now tell us something we don't know.

From 2008 to 2021, Canada's household debt soared from 80% of GDP to 107%.

U.S. household debt-to-GDP slid from 100% to 75% in that same timeframe.

To belabour the obvious, Canada has a worsening debt problem. And that problem could theoretically come to a head if/when unemployment spikes.

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